Legal & General Group Plc Invests $11.18 Million in NETSTREIT Corp. $NTST

Legal & General Group Plc acquired a new position in shares of NETSTREIT Corp. (NYSE:NTST) during the second quarter, HoldingsChannel reports. The firm acquired 529,187 shares of the company’s stock, valued at approximately $11,182,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in NTST. Loomis Sayles & Co. L P lifted its position in NETSTREIT by 959.0% in the 4th quarter. Loomis Sayles & Co. L P now owns 1,472 shares of the company’s stock valued at $26,000 after acquiring an additional 1,333 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in NETSTREIT by 1,123.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,786 shares of the company’s stock worth $30,000 after purchasing an additional 1,640 shares in the last quarter. Kestra Advisory Services LLC acquired a new stake in shares of NETSTREIT in the 4th quarter valued at about $44,000. Inspire Investing LLC acquired a new stake in shares of NETSTREIT in the 4th quarter valued at about $45,000. Finally, Fulcrum Asset Management LLP bought a new stake in shares of NETSTREIT in the fourth quarter valued at about $64,000.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on NTST shares. Cantor Fitzgerald upped their price objective on NETSTREIT from $24.00 to $25.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 28th. Jefferies Financial Group restated a “buy” rating and issued a $25.00 target price on shares of NETSTREIT in a research note on Wednesday, July 29th. BMO Capital Markets upped their price target on NETSTREIT from $24.00 to $25.00 and gave the stock an “outperform” rating in a research report on Monday, July 20th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of NETSTREIT in a research note on Friday, August 7th. Finally, UBS Group set a $22.00 price target on shares of NETSTREIT in a research note on Thursday, June 18th. Thirteen equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $23.19.

NETSTREIT Trading Down 0.4%

Shares of NYSE:NTST opened at $20.38 on Tuesday. The company’s 50-day moving average price is $21.15 and its two-hundred day moving average price is $20.48. NETSTREIT Corp. has a one year low of $17.02 and a one year high of $22.47. The company has a debt-to-equity ratio of 0.88, a current ratio of 3.55 and a quick ratio of 3.54. The stock has a market capitalization of $2.07 billion, a PE ratio of 135.87, a price-to-earnings-growth ratio of 2.64 and a beta of 0.81.

NETSTREIT (NYSE:NTST) last announced its quarterly earnings data on Wednesday, July 22nd. The company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.02). The company had revenue of $61.28 million during the quarter, compared to the consensus estimate of $56.41 million. NETSTREIT had a net margin of 6.35% and a return on equity of 0.95%. NETSTREIT has set its FY 2026 guidance at 1.370-1.390 EPS. On average, equities analysts forecast that NETSTREIT Corp. will post 1.31 EPS for the current fiscal year.

NETSTREIT Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be paid a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date is Tuesday, September 1st. NETSTREIT’s dividend payout ratio (DPR) is currently 586.67%.

Insiders Place Their Bets

In related news, CEO Mark Manheimer purchased 5,000 shares of the stock in a transaction on Thursday, June 18th. The shares were purchased at an average price of $19.19 per share, with a total value of $95,950.00. Following the transaction, the chief executive officer directly owned 415,260 shares of the company’s stock, valued at $7,968,839.40. This trade represents a 1.22% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.66% of the stock is currently owned by corporate insiders.

About NETSTREIT

NetSTREIT Corp. is a real estate investment trust that specializes in the acquisition and management of single‐tenant, net lease retail properties across the United States. The company targets assets leased to investment‐grade or creditworthy tenants under long‐term, triple‐net leases, which generally shift property‐level expenses—such as taxes, insurance and maintenance—to the tenant. This business model is designed to generate predictable, stable income streams and to limit landlord responsibilities.

NetSTREIT’s portfolio encompasses a diversified mix of essential retail and service properties, including quick‐service restaurants, convenience stores, banks, automotive service centers and medical clinics.